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Merger creates world's largest communications giant

By Wei Tian | China Daily | Updated: 2013-07-31 07:22

US-based Omnicom Group Inc and France's Publicis Groupe SA announced on Sunday they had signed a definitive agreement for a merger of equals, which will create the world's biggest company in communications, advertising, marketing and digital services.

The new company will have combined 2012 revenue of $22.7 billion. Based on its closing price on July 26, Publicis Omnicom Group will have a combined equity market capitalization of approximately $35.1 billion.

The merged group will have more than 130,000 employees, who will be jointly led by Omnicom CEO John Wren and Publicis Groupe CEO Maurice Levy.

Merger creates world's largest communications giant

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